$750,000
Est. $3,876/mo2 bd•0.75 ba•1,298 sq ft
5119 38th Ave. Nw, Gig Harbor, WA 98335
• Listed 2026-04-19•11 days on market
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Rare opportunity to own two contiguous parcels totaling 3.25 acres in a prime, close-in location within the city limits of Gig Harbor, WA. This mostly level acreage offers exceptional flexibility—build your custom dream home, create a private estate, or explore investment potential in an area where larger parcels are increasingly hard to find. Included is a nostalgic 1935 vintage home, offering 2 bedrooms and 1 bath, and brimming with potential. Restore its classic charm, use it as a temporary residence while you build, or reimagine the space entirely. The contiguous parcel expands your vision, providing room for gardens, outdoor living, or future possibilities. Ideally located just minutes from historic downtown Gig Harbor and its vibrant waterfront, this property places you near scenic parks, top-rated schools, charming restaurants, and everyday conveniences. Enjoy the perfect balance of peaceful surroundings and easy accessibility. Commuters will appreciate the quick drive to Hwy 16 and nearby shopping, including Costco and Target. Held in the same family for decades, this property is rich with history and ready for its next chapter. Opportunities like this—combining acreage, location, and legacy—are increasingly rare in one of the Pacific Northwest’s most beloved waterfront communities.
Listed by Randy Knapp • Paramount Real Estate Group
Listing updated: August 27, 2026 at 11:27am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2509363
5119 38th Ave. Nw, Gig Harbor, WA 98335
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
Peninsula School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
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Gig Harbor is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 12 days.
$1,040,000 Sold
2 months ago
3 bd•2.75 ba•~3,010 sq ft•Single Family
3810 63rd Street Nw, Gig Harbor, WA 98335
1%
Under list
—
Days on market
0.7 mi
Distance
$739,000 Sold
3 months ago
4 bd•2.5 ba•~2,086 sq ft•Single Family
3519 48th Street Ct, Gig Harbor, WA 98335
1%
Over list
—
Days on market
0.2 mi
Distance
$589,000 Sold
4 months ago
3 bd•0.75 ba•~1,636 sq ft•Single Family
5811 Wollochet Drive Nw, Gig Harbor, WA 98335
7%
Under list
—
Days on market
0.9 mi
Distance
$935,000 Sold
4 months ago
4 bd•2.75 ba•~2,655 sq ft•Single Family
5602 Makovich Place Nw, Gig Harbor, WA 98335
3%
Under list
—
Days on market
0.8 mi
Distance
$698,500 Sold
4 months ago
3 bd•2.5 ba•~1,919 sq ft•Single Family
5718 41st Avenue Ct Nw, Gig Harbor, WA 98335
2%
Under list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of August 27, 2026 at 11:27am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (8)
See more →
Open Tue, Sep 8
Open Tue, Sep 8
Open Tue, Sep 812:00 PM – 4:00 PM
$1.07M3 bd · 2.5 ba · 2,874 sqft
11211 Lot 10 112th Street Ct, Gig Harbor, WA 98332
Open Tue, Sep 8
Open Tue, Sep 812:00 PM – 4:00 PM
$1.07M3 bd · 2.5 ba · 2,874 sqft
11211 (lot 10) 112th St Loop, Gig Harbor, WA 98332
Open Tue, Sep 8
Open Tue, Sep 8
Open Tue, Sep 8$735,000
-$15,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $585K and $730K.
Rental earnings
$2,200/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$630,000Last sold price
5920 38th Ave Nw, Gig Harbor, WA 98335
$730,000Last sold price
3812 60th Street Ct Nw, Gig Harbor, WA 98335
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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